The lack of a commitment toward addressing unequal tax treatment. This was why Singapore was surprisingly absent from last Friday’s signing of a statement of understanding (SOU) on the Asian Fund Regions Passport (ARFP) scheme. “The [statement] does not address the issue and does not provide any commitments to addressing the impediment of unequal tax treatment,” the Monetary Authority of Singapore (MAS) said…
Missing tax clause led to Singapore absence on ARFP SOU
15 September 2015
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